most expensive city to live on. the strong currency with the high cost of running a car, soaring utility buildings are the reason why. it is also the most expensive place in the world to buy clothing. so let's take a look at the top five. singapore toms the list. then we have paris,s on way, zurich, switzerland and sydney, australia. we explain why it is such an expensive city to call home >> reporter: basically, as you mentioned, it has to do with rising transport, utility and retail costs. i'm standing along the singapore river. if i were to go to one of those bars or restaurants down there and get myself a small bottle of wine, it would be about $25. pint of beer is about $14. that's a lot higher than you would get in another capital such as london or new york.